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CNBC
Mar 22, 2013 6:00am EDT
this, and it's on -- you know, it's 0.2% of their economy and, you know, we're worried about whether there's any ripple all the way over to us. >> it may want be an instant market reaction, though. it may be something that's more of a concern about whether there would be other countries that step out of the eu. >> don't you think the markets could anticipate whether there would be further trouble or not? >> i don't know. i think this is -- >> we would be seeing it if it was really -- if they he can't sell off in europe, we shouldn't be looking at it at all for our markets here. >> no. michelle, what's that? >> i know you're over there, but you don't care. >> the one ripple effect i can think of is -- the one ripple effect i can think of is that if when they wind down this bank, there's some wealthy russians or wealthy companies that had money in there that they would lose a substantial portion of, perhaps 50% of the uninsured deposits if they do a wind down. if they have a margin call, you know what i'm saying? some kind of ripple effect maybe related to a russian company or a russia
FOX News
Mar 19, 2013 1:00am PDT
taxation and high debt are holding back the economy and the g.o.p. believes mr. obama is creating a nation at war with itself. the affluent vs. the nonaffluent. over the weekend senator ted cruze of texas, a conservative, delivered a very emotional speech at cpac. >> my father came from cuba. he had been in prison. he had been tortured in cuba. and he came to texas with nothing, with 100 in his underwear. didn't speak a word of english. washed dishes making 50 cents an hour. in someone had came up to that 18-year-old kid avenue as he was washing dishes and suggested to him that 55 years hence his son would be sworn into office as a united states senator representing the great state of texas. [ applause ] that would have been unimaginable. >> now mr. cruze says his dad made it on his own without government assistance. he worked hard and provide for his family and now his son has achieved the american dream. that's the way this country is supposed to work. but president obama himself has a very compelling story to tell. his father abandoned him. he was raised primarily by his maternal grandp
MSNBC
Mar 20, 2013 12:00am PDT
has an inflationary effect on the economy. so you may be talking away the money you just gave that employee through the increase. raise prices throughout the economy. >> i have to say, you've now switched your argument from what it was going to do to your business to what it's going to do to the economy. >> very sharp, senator warren. whether a minimum wage increase and why. we've heard all this madness on the other side, especially small business people. we won't be able to pay insurance and the like. is that a real reasonable and persuasive argument? >> no and in fact, we have a real world experiment that tells us about this. in new jersey a few years ago, they raised the minimum wage. they did it in pennsylvania. there was an examination of fast food and it turned out that in new jersey, hiring went up and in pennsylvania, hiring went down. but let me turn this upside down. why aren't we talking about the fact that the total stock market is worth less today than in 2000 and yet, the ceos are getting more and more money. if we just turned this argument on its head, we can see tha
FOX Business
Mar 25, 2013 10:00pm EDT
its economy, but the solution that has bank depositors and investors everywhere now nervous. the largest banks are taking up to 40% of all bank deposits more than 100,000 euros or $129,000 or higher leaving smaler deposits untouched. optimism over the deal initially pushed the s&p 500 to within a point of its all time high of 1565 in early trading. stocks told off the cypress bailout is a template for the ways in which the eurozone will address future bank problems and bailouts. the dow jones industrial average fell 64 # points, s&p down five, and the nasdaq ost ten points. on the domestic front, president obama called upon congress to, quote, finish the job on immigration. speaking during a citizenship ceremony at the white house, president obama stressed the importance of getting something done. >> we have known for years that theimmigration system is broken, not doing enough to harness the ingenuity of those who work hard to find a place here in america and after avoiding the problem for years, the time has come to fix it once and for all. the time's come from the comprehensiv
CNBC
Mar 22, 2013 4:00pm EDT
a great weekend. by the way, does a bad economy bring euphoria to the walking dead? >> i think it does. >> we'll talk to the creator later. >> that would be her zombie walk there, as she moves on to the next hour of the "closing bell". >> do earnings matter or is it still about the fed? >> it seems like earnings mattered yesterday a little bit. i don't think cyprus was the reason we sold out. are they going to matter going forward? i don't think so. not for the next three months. the fed is still the major factor in this. cyprus isn't a factor yet. earnings aren't a factor. the fed has definitely cleared the -- >> it's about liquidity in this market. >> absolutely. i would like to see more liquidity as far as volume goes. you get an 85-point rally off yesterday's sell-off, small volume, not much of a factor. but cyprus will lead the day monday morning in a short week. >> all right. thank you, matt, very much. all right, we've got a market coming back a little bit. needed to be up 92 to be positive for the week. we're ten points away from that. it's like a racehorse heading towards
CSPAN
Mar 19, 2013 10:00am EDT
funding for r&d will drive our economy, but we can't appropriate a sum of money to fix the real cost of iraq. can't pay back the lives of 4,486 american men and women who have died there or the roughly 2,000 broken soldiers who came home and took their own lives. the wounded, physically and mentally, the soldiers who didn't know how not to be a soldier, the families living with a hole in their hearts and the families living with someone they no longer recognize. 10 years leaving their families, living in hell, coming home to unemployment and the homelessness, to a country that's forgotten that it's at war at all, to a country that seems to think a yellow ribbon magnet on their bumper is the only kind of support that oir troops need and the cost in iraq, untold deaths. let me rephrase that. unknown deaths. we can only guess at the destruction that we have left in our wake. 115,000 iraqis, 600,000, you can find the number, what was the long-term impact of that on the environment, the water and health? what happens when someone lives in constant fear of becoming collateral damage? today
SFGTV2
Mar 18, 2013 8:00pm PDT
innovation economy in the united states. we are looking to produce better and new jobs and position to ensure that america remains at the forefront of the economy in the 21st century. we are working to ensure that all americans have the resources and the skills necessary to fully share in all of the possibilities, civic, social, and economic. all of these made possible by the internet. that is one of the reasons we are here today. he discovered for the administration is the broadband technology opportunities program or btop. this program was established in 2009 by the american reinvestment and recovery act and is administered by ntia. we have nearly $4 billion invested in roughly 230 projects across the country, all aimed at expanding broadband access and adoption in the country. and i want to tell you a little bit about the programs and then tell you about why we care so much about this issue. so, we have the btop for infrastructure projects. these are building broadband networks in areas that are currently underserved. they are making sure that hospitals, schools, and other vital com
FOX Business
Mar 24, 2013 2:30am EDT
benefit the country or the economy. >> wayne is the first person to repeat this over and over. panelsy pelosi said let's pass so it we can read it. they don't even know the definition of a full time employee yet. is this woman full time? she doesn't know. all she knows is she's probably not getting health care. >> before you answer that, i'm holding a copy of the u.s. constitution in my hand which i carry with me at all times. i page through this time and time again and i can't find anywhere in it that says government can require me to purchase something. >> well, eric, it's unfortunate. the government is- it's a fashous government. they cans for youo do anything they want to. why we're celebrating something that is a horror like obama care is hond me. you're talking about a birthday, i'll tell you what. birthday you see this cookie, well, the cookie crumbles. see. that's what happens. because it's not worth anything. and they should turn around and get rid of it. >> we're laughing but the economy really rests on health care. 16 or 17% of the economy. if this fails this is a grand e pa
FOX News
Mar 23, 2013 1:30pm PDT
going to benefit the country or the economy. >> we're going to repeat this over and over again. nancy pelosi says let's pass it so we can read it. they don't know the definition of a full time employee. all she knows she probably not getting healthcare. >> eric: i'm holding a constitution in the hand which i carry with me. i page through this. i can't find government can require me to purchase something. >> eric, it's unfortunate. the government, it's a fascist government. they can force you to do anything they wanted to do. why we are celebrating something that is horror like obamacare is beyond me. you are talking about a birthday. i tell you what, here is the birthday. you see this cookie, the cookie crumbles. [ laughter ] >> it's not worth anything. they should turn around get rid of it. >> eric: we're laughing but the economy rests on healthcare. 15-17% of the economy, if this fails we're in deep trouble. >> everybody left and right says we have to get the costs under control. look, i'm glad you got a cake here eric because what the folks on the right is help themselves to giant
PBS
Mar 18, 2013 4:00pm PDT
knowing that we were significant -- >> as a nation, it has taken us 40 years to build our economy to the level it is. with done one day -- within one day, we have shot it down. we are very betrayed. >> they can do it anywhere. live in europe, europe has betrayed us. >> at one stage, the crowd was urged to march towards the presidential palace. many people believed their savings had been guaranteed. what is clear is that the bailout deal negotiated in brussels cannot be implemented here except in the face of furious opposition. will have depositors to pay -- just reducing the amounts savers and depositors will have to pay probably won't be enough. teeple are still trying to get their money out of cash machines, but there are limits on how much they can withdraw. a parliamentary vote on the bailout has been postponed yet again. the government feared it might not win a majority for the bailout. without extra funding, cyprus faces bankruptcy. the british community around -- the british community, around 60,000, is also assessing its losses. cypriot friends are in shock. >> they felt a
SFGTV
Mar 18, 2013 4:00am PDT
no. 1 after the economy. the economy is a little bit broad to deal with. that was no. 1. but health was came as far as something that we can do something about. the interesting one for no. 2 and this is the third or fourth year in a row that the quality of public education came out no. 2 and i think when people talk about small business issue, they don't think about that one. no. 3, no surprise, regulations. no. 4, taxation. no. 5, this is another one that i find can kind of interesting. last year it was actually no. 4, but infrastructure. small businesses are concerned about infrastructure, and it's been borne out again by the survey. as far as some of the interesting specifics of the respondents, 48% provide health insurance, 52% did not provide health insurance. interestingly enough and maybe i will talk a little bit more, 74% almost had never heard of the small business tax credit. 63% had never talked to their state senator. their assembly person or to the governor, which i think is a little scary and it's something that hopefully you as a commissioner will re[tpo-rpbs/] that w
PBS
Mar 26, 2013 2:30pm PDT
hardship beckons. the economy is in crisis. feel angry. there will not be places to work here. that is why i am here. >> our future is on the line. >> we are poor. we don't even have money. we don't even know if we can go to the university. cypress needs them to stay. the fear is that they will simply leave, deprived of opportunities. that could mean a loss to generation. >> cyprus is mired in a recession that will now deep in. keep it in deal will the euro. in return, they will see savings hit. job losses will follow. controls will be in place once the banks open to stop the run on deposits. this man is feeling the effect. this shop has had a healthy trade. now, it is empty and may have to close. his business and country are at a standstill. there are no savings, no anything. i have to pay the salary. i haven't. what can i do? >> hutaree it's are trying to understand what has happened to their country. riots are trying to understand. >> they're wondering how their economy will recover. you are watching "bbc world is america," still to come -- the hour is not quite what used to be for
PBS
Mar 23, 2013 12:30pm PDT
a very low level of inflation, because the economy has been so weak. >> what about food and gas prices? >> one thing is the defined benefit lifetime retirement program. those are gone. so you are not -- you just don't have enough money if you're retiring to live off of it, and the government is now broke, in effect. they can't step in and make this up. >> how much are they paying down in the government debt? >> well, the government debt is actually not going down, if i may say. so we are going to have a deficit this year of a trillion 300 billion dollars which is $25 billion a week. it's the worst deficit that we've had, and nobody knows. >> social security is easy to fix. you lift the cap right now if >>> predictions. pat. >> immigration reform passes the house. republicans kill it in the senate. >> eleanor. >>next state to legalize gay marriage. >> what state? >> illinois. >> susan. >> immigration reform is going to run into big trouble in congress. >> really. mort. >> what i think the economy is going to remain >>> i predict that president abi of japan trying to revitalize hi
KCSMMHZ
Mar 22, 2013 6:00am PDT
five emerging economies known as brics. brazil, russia, india, china and south africa. >>> russia has turned down an appeal for aid by cyprus leaving banks on the island country in deep financial trouble. cyprus sent its finance minister michael air isous to moscow to seek help from russia. many wealthy companies and people keep their money in russia because of preferential tax treatment. two days of talks ended up without any agreement. bloomberg quotes saris as saying cyprus will continue to gain some kind of assistance from russia. he says there's still possibility to get conditions eased for the loans russia has extended in the past. >>> tensions are rising i >>> representatives from japan and the uk sponsored it. the three members of the commission will look into north korea's network of political prisons. japan's ambassador cited the abduction of korean nationals. >> japan strongly believes that a inquiry to investigate human rights will provide the council with con degree o-- concrete outcomes. >> the north korean ambassador criticized this. >> of the hostile forces, those huma
FOX Business
Mar 26, 2013 9:20am EDT
get things going as long as they can until something picks up the economy, in my opinion it's going to be a bubble, an energy bubble or what, something they're waiting for. charles: larry, we appreciate it. and the market is open and on the screen, the dow up 36 points. the banks in cyprus are closed right now officially until thursday so let's see how the other european banks are trading, nicole. nicole: it's interesting because yesterday the all the banks were higher on the cyprus bailouts and the european banks turned into the red throughout the day when there were concerns that maybe what they're doing in cyprus could be a model for the rest of the euro zone. and today you have deutche bank and pnb paribas-- there goes deutche bank. the national bank of greece selling off, banco santander. and saying maybe we should confiscate money throughout europe and then all the banks pulled back. charles: i don't know if they floated a trial balloon or what, but it's a crazy statement and it's going to last longer than a twitter tweet. thanks, nicole. we have two big names that you know are m
SFGTV2
Mar 22, 2013 1:30pm PDT
to the economy of the whole region as to this particular project. having said that, the super bowl bid is an incredible thing and the strength of our bid is a collaboration of this whole region. this is how we think we will win this bid. this is not for any one particular city, it's us working together. not only on transportation issues, not only on cites, but all the hospitality that we have set. i want to thank all the regionals for working together. we want that super bowl xv very badly. we think we have the greatest opportunity to work for it and not only to win that bid, but to get ourselves in an incredible rotation for other super bowl hosting. we look at this long-term and it's the reasonable approach that will give us the strengths for the nfl to take into consideration. i want to be thankful for all the regions mayor's for joining us and the 49er organization. they brought us together at this time. it's going to be a great thing for san francisco. thank you. >> thank you for coming out. this is an amazing site. there are a thousand people working on this project today. th
FOX Business
Mar 19, 2013 9:20am EDT
the forefront and that's more important. the u.s. economy, china and although there is a big idea they're stealing customer's money and savings accounts is abomination, i believe it's a different european country. entered the european union in 2008, i don't think it will be as big of a deal as people think, i think it will be on the headlines for two weeks. stuart: all right, let's see what's happening on the opening bell, upside. and i'm looking for a gain of 20, 30 points for the time they're open, 10 points higher, 14,462. nicole, let's bring you in. one of your favorite stocks, we're watching it closely. yoga pants, they say they're too sheer. in other words, you can see through them. i think that the stock is way down. nicole: it is way down. it's going to hurt their bottom line. and they're talking about bringing in the pants that are sheer. that basically is like a fall for the company, you can't have pants that are sheer. i have to admit my lululemon, i noticed recently is sheer and it's no joke and you're able to bring them back in, but it's going to hurt their revenue an
FOX Business
Mar 24, 2013 1:00am EDT
hungry, brenda. come on. >> for years and years and years. what does it mean to our economy? >> what it means to our economy, the lawmakers, what gaur gary b is correct. voters are not against this, voters are against this. and like trying to find the bravest frenchman, it's tough to find an honest one out there. >> and this is by the way-- >> and this is the entire french vote and i don't care how. >> they don't want this. >> and here is the difference, here is the difference. >> and one thing about this is, even if everybody in the world is doing it, it is still wrong. congress comes out and says, we don't want pork and they also said we're going to stand up for simpson bowls and cut spending and raiserevenue, we can't do that. they all say they're against pork and every single one of them do it, it's a systemic problem and it's a character problem that we have indeed seen and it means these guys are not doing it for our country. >> john, one thing, take a breath for god's sake. the issue here is that if jonas got, you know, the extra bonus coming early. taxpayers weren't paying for i
SFGTV
Mar 25, 2013 8:00pm PDT
loss in the p g and e but the overall economy. >> that's correct. i was looking at the overall san francisco economy assuming that dollars spent on increase in electric bill would not increase other products. it did not focus on electrical work, but to that point, remember that the clean power sf program enabled by state statute remains for all p g and e customers for all services. it's only the supply of electricity that san francisco power program would then partner with p g and e to provide. if you are a resident of san francisco and member of the clean power sf group, your lights go out and you still go out and call a p g and e they roll out and respond to that outage and then refers the crews out for work. there is a very much heavy reliance, a partnership for implement thg program. >> for clarity, what you are saying to me is that we are not looking necessarily for any job loss for employees of p g and e based on how this is being rolled out? >> that is correct. the city's chief economist did not look at particular job sectors. they just looked at how much money would not be
PBS
Mar 20, 2013 6:30pm PDT
economies contracting and german taxpayers nervous of the cost of bailouts. opposition parties are demanding the chancellor improve her track record. >> the fiscal cliffhanger in cyprus has turned into a major headache for angela merkel in her role as crisis manager. for many on the island, germany as part of the problem, but she points out that the troika is the negotiating partner for any bailout, not germany. >> politically, it is important that cyprus create a sustainable banking sector for the future. their current model is not sustainable. >> merkel also stressed that the eu had requested a levy on private accounts above 100,000 euros and not the 20,000 suggested by cyprus' government, but the german government says the cyprus debacle is covered in angela merkel's fingerprints and she must find a solution. >> the chancellor must make sure that the deal is struck which represents the interests of cyprus and stabilizes the european economic zone. >> but according to mrs. merkel, the ball is now in cyprus' court. she says they must submit a fair counterproposal first in what she
CSPAN
Mar 19, 2013 9:00am EDT
. [applause] now, why is that? i didn't run a campaign on jobs and the economy, jobbing and the economy, jobs and the economy and beat that drum until i beat people into sleep. that's part of it, all right, but all of the rest of this has to be added together, or we can never reconstruct this country. we will not get the pillars of american exceptionalism back together. [applause] unless we have the full spectrum. if we can restore our families and strengthen our faith and protect innocent, unborn human life instead of assaulting it with a half a billion dollars appropriated to planned parenthood in a single year. that's gotta go. obamacare has got to go. [cheers and applause] we can't let up on obamacare and believe that somehow we're going to capitulate to that side because the roads are vitality, and it is an unconstitutional taking of god-given american liberty, and it's got to go. [cheers and applause] ronald reagan omelet me down a couple -- only let me down a couple of times in eight years. one of those was 1986, and i still had the dent after i heard on the news he had s
FOX Business
Mar 25, 2013 5:00pm EDT
economy, not something that all of us believe is true to be the case. >> no, but i got to go back a little bit there. it's absolutely true that he did miscalculate because neither the president nor myself nor many rational people -- sandra: would he admit that? >> yeah, i think he might, i don't know. nobody thought the house republicans were crazy enough to go through this ridiculous -- sandra: were they crazy? the sun came up. we get through the airport lines -- >> let me address that -- you guys had a ball on this, well, the sun came up, nothing changed. you may live to regret that because, you know, these problems are coming, and, in fact, today, michele bachmann, of all people, was decrying the sequester. why? because an airport in her district lost its tower and has been affected. the cuts are coming. in fact, the only thing that's fore stalled it a bit is the deal made on the continuing resolution. sandra: dan, i argue, however, immediately following, we saw the government, the administration almost force us to feel some of the effects after this. >> yeah, well, like shutting down t
FOX News
Mar 25, 2013 3:00pm PDT
. >> this is a painful deal. no doubt about that. it could hurt the economy by ten gdp points. joblessness but the banks were going collapse anyway. the economy would be in shambles anyway. there is concern that the depositors are hurt, because what is happening is if you have more than 100,000 in euros in the bank, those are targeted to help with the bail-out. $4.2 billion. a lot of that is from russian. a lot of -- he would cry about that. this is a good thing. bail-in, instead of bail-out. you take in a model where you are forcing the bank to save itself. the shareholders, bondholders and go to the uninsured depositors. this is a lesson we might take here. rather than the taxpayers bail-out you have the bail-out within the institution. i understand the pain but i don't think it's a bad idea. >> you float the idea of going after the saving account. it doesn't rez nay with many folks. >> but they weren't insured. they weren't insured over $100,000. here they aren't over $100,000. you know, you know when you put something in a bank like, that i covered the savings and the loan
FOX News
Mar 25, 2013 1:00pm PDT
records, taking, and larryeating bails glazer from the economy summit. and bruce is in pennsylvania where the snow has begun. reporter: well, neil, that heavy snow from this morning has turn into light snow this afternoon and now more of a freezing rain. literally minutes ago the sun made an appears and that is rare. no blizzard here but another significant snowfall. two or throw inches around most of the region, now a slushy mess. it began this morning. we expect it will not wrap up until late tonight. this is actually the 11th day in the month of march with some kind of trace amount of snow or more. none of them any big deal but all of them irritating. last month, one day with a trace of snow. temperatures much colder this march. the average high 15 degrees colder this march than last march, and just two days in the entire month of march that the national weather service would regard as clear, day where the sun was actually out. a fair number of fender benders this morning, but overall more of a slushy mess than a real danger. the temperatures are expected to get down near freezin
CNBC
Mar 19, 2013 5:00pm EDT
is the third largest island in the region, but it is minuscule, a minuscule economy. about two tenths of a percent of the total euro zone gdp. less than that of vermont. today, we learned the cyprus parliament rejected the plan for depositors to pay for the bailout plan, an idea floated on monday. this has created a new worry for the global markets. even though there is a backstop and here in the u.s., the federal reserve has expanded the balance sheet past $3 trillion to backstop the financial system, so why the worry? one reason is that record setting ways of the dow jones industrial average this year. that has created a bit of a perception of vulnerability. investors are looking for reasons to sell after a 10% move in 2013. another reason, cyprus has developed a reputation as with being a hot spot for international depositors. half are set to be nonresidents of cyprus. unless you have the misfortune of having an at account in a cyprus bank, you may not care. but the big issue is whether such a plan could gain traction in other locals. if that is the perception, will it pose a run o
CNBC
Mar 25, 2013 9:00am EDT
host, howard wilson and howard ward. >> economy is getting better, capital chase returns and stocks continue to trend higher although there's profit taking here and there. >> okay. we'll take that to the bank. the key question about europe. it's all about credit quality. >> who do we have to worry about? >> spanish, italian and greece. >> you're very worried. >> people have to start doing their work. europe never did the work of fixing bank solvency in the first place. >> gentlemen, thank you for being here. >> happy monday. >> that does it for us today. make sure you join us tomorrow. right now it's time for "squawk on the street." ♪ ♪ ♪ ♪ >>> welcome to the last week of the first quarter. good morning. welcome to "squawk on the street." i'm carl quintanilla with melissa lee and jim kraker. futures reflecting the relief of the cyprus deal. a similar picture in europe where the italian tenure is now below where it was before those italian elections and a mixed picture in asia this morning. the nikkei up about 1.5%. the road map begin with the eurozone that did not collapse o
CSPAN
Mar 24, 2013 10:30am EDT
pressure is increasing. it is isolated its economy is in dire straits its leadership is divided. and its position in the region and the world has only grown eaker. i do believe that all of us have an interest in resolving this issue peacefully. trong and principled diplomacy is the best way to ensure that the iranian government foresakes nuclear weapons. peace is far more preferable to war and the inevitable cost the unintended consequences that would come with war means that we have to do everything we can to try to resolve this diplomatically. because of the cooperation between our governments we know that there remains time to pursue a diplomatic solution. that's what america will do with clear eyes working with a world that's united and with the sense of urgency that's required. but iran must know that time is not unlimited. and i've made the position the united states of america clear. iran must not get a nuclear weapon. this is not a danger that can be contained. and as president i said all options are on the table for achieving our objectives. america will do what we must to reven
SFGTV2
Mar 18, 2013 6:00pm PDT
a potential death now for the housing and our taxes stopped the growth of our economy. we in this room and many of us working together took on the story changes for our city some of which have vexed for years >> years. i'm proud that together we through innovation and we foerjd our way ahead. to the city commissioners and to the department heads and to our friends in the business, labor you think non-profit and other communities who spent countless hours with us in negotiations and to the great people of san francisco who rewarded us with your support at ballet in san francisco thank you, very much. together we're putting san francisco back on the right track and building a solid foundation for all our residents. my fellow san francisco's we're living in a time of astonishing innovation and unlimited process we're driving that innovation and for or against the future right here right now not just for san francisco but for the whole world. within the lab of our technologies we're developing techniques will will save lives. to our market district we're providing the world with tools
CNBC
Mar 21, 2013 12:00pm EDT
. really lousy pmi numbers out of the eurozone today and some of the biggest economies there. where do we go from here? >> well, so that's the problem. we're all looking at the little specific things to each company, and we can say oracle and fedex, this issue, that issue, but you really don't have a great global growth picture. you really don't have the demand that you need for us to really say that this thing is ready for takeoff. look at the pmis coming out of france, coming out of germany. both manufacturing and services. these are atrocious numbers, and, in fact, we'd probably be down more if not for the slight uptick in china so i think that we can look at these little companies' specific issues, but truthfully, the big picture, don't have enough oomph right now to truly break out to a new range. >> you look at this. the economic data that continues to come out and continues to tell a pretty good story in the united states >> the philly fed numbers, that was pretty good. >> the best thing we have going for us. >> only two weeks, really great positive job numbers that came out. th
FOX Business
Mar 25, 2013 11:00am EDT
stuart: the highlight reel. all about cyprus. cyprus, they'll out approved. >> the economy is likely to get worse. >> continuation of stealing what has already been stolen. they will not be happy. >> they are devastated. that is not what cyprus is or ever was. >> europe does not have the mechanisms in place that the united states has to manage a currency or a banking system. >> watch the euro. that affects all of us. stuart: italian banks have been halted in trading. charles: yes. stuart: why? charles: they are worried. these stocks are plummeting. stuart: the dutch finance minister said the cyprus situation is a good template for other european countries. they have reached into private bank accounts, taken the money out and used it to finance the bailout. that is what everybody wanted to avoid and now the dow is down 43 points. >> that italian banks are frozen because now the fear is they will have their money taken out. stuart: the dutch minister is now staying this could prompt a euro zone bank restructuring. that is why the dow is now down 46 points. you have a 80-point tu
CSPAN
Mar 20, 2013 9:00am EDT
, a vital sector for our economy and the cost of doing business is energy. creating a low carbon economy is done by create jobs rather than -- was a major step forward for new nuclear. today with help of we are also announcing our intelligence to take two projects to the next stage of development will support the manufacture of mission vessels in britain with new takes incentive and the honorable members has urged do you passionately and in a nonpartisan way about the damage of doing the famous ceramic industry and persuaded me we will exempt from next year the industrial processes for the industry and others from the climate change. [cheering and applause] [laughter] >> for the we will this year sign contracts for the commissioning relief, the expectations of which is already increasing investment. i want britain to tap to new sources of local energy like shale gas. i'm introducing a tax -- including a shale gas field allowance to promote early investment. shale gas is part of the future and we'll make it happen. we can help companies grow and succeed by wilding infrastructure,
CSPAN
Mar 23, 2013 10:00am EDT
funds to the real economy than banks. it is simply less costly to sell bonds, notes and commercial paper to investors than to borrow from a bank. finish since the mid 1980s by intermediating these transactions, the securities industry has supplied 15 times more financing to the real economy than banking. and it has done so without government prudential regulation. when the financial crisis came, lightly-regulated investment bank withs like bear stearns, lehman brothers and merrill lynch did no worse than heavily-regulated fdic-insured commercial banks like wachovia, washington mutual and indy mac. so it's hard to see that more and titled regulation is really the answer. what we are watching in the name of prudential regulation is the government gradually squeezing the life out of the banking industry the way the interstate commerce commission gradually squeezed the life out of the railroads. if we let the government insure and provide prudential regulation to the securities business as some regulators have now proposed, we'll pay a heavy price in lost economic growth. finally, even
CNBC
Mar 18, 2013 9:00am EDT
insolvent. the banks in cyprus are huge, eight times the size of the economy. consider that here in the united states. our banking system is roughly one-time the size of our economy. what we're waiting to see next are they going to get this through parliament and get it done? it is so controversial they're trying to find out different ways to make it less controversial. impose the tax on larger shareholders to a much greater degree. it was originally 9.9% and you go to 12%. if you didn't want to tax the small guys at all you'd have to go to 15% or 16%. this is the scene when the president walked into the palace headquarters. there were people there with no written on their hand and this says merkel stole our money. keep in mind, european union will still give them 10 billion euros and they were trying to come up to reduce the original size from 17 billion euros. the other thing to keep in mind, by taxing depositors they're taxing a lot of foreigners and a lot of russians who had kept their money. the thing is will the rest of europe, will small depositors across the rest of europe l
CNBC
Mar 20, 2013 12:00pm EDT
they say that the economy getting better than it was when they last met. maybe they say we're not going anywhere. we're not leaving this party. the punch bowl stain don't worry, all is good. if that happens today, what happens to the market? >> we'll go higher. we talk about the financials and we'll have a debate later on with my brother and myself, i'll be the winner once again. but the housing is telling us a story and that trickles down to everything in the financial world. i would like to emphasize this. we have been talking about the financials for a long time. the big money center banks and then you get to the insurance level, and the asset managers is where we continue to see upside activity, but not short term. in the other areas of the financials because of the lack of clarity and because of europe and sequester, all the things we have talked about for the last three months they're all in the short term. you look at the big asset managers, black stone, all the names, fortress, we are seeing activity going out to january of 2014 and '15. they think this is a bull market going hi
CNN
Mar 20, 2013 8:00pm PDT
united states. where does the american israeli relationship stand? and israel's minister of the economy is here to answer our questions. >>> plus, mayor michael bloomberg called starbucks ceo ridiculi ridiculist. >>> and the head of colorado's department of corrections answers the door only to be shot down. we take you to the manhunt tonight. let's go "outfront." >>> good evening, everyone. i'm erin burnett. "outfront" tonight with friends like these, well, president obama arrived in israel to day. it was his first trip there as president. everything seemed rosey for a little while between him and benjamin netanyahu. >> and just as we have for these past 65 years, the united states is proudo stand with you as your strongest ally and your greatest friend. >> i want to thank you for the investment you have made in our relationship and in strengthening the friendship and alliance between our two countries. >> sounded so perfect. but then -- later in the day things changed. >> iran is a grave threat to israel, a grave threat to the world, a nuclear iran. the united states is committed to de
LINKTV
Mar 24, 2013 2:30pm PDT
rescuing his country's economy after a week on the brink of disaster. talks have significantly overrun, adding to fears that the deal is far from certain. we will go live to brussels in a moment. >> president nicos anastasiades left of cyprus behind for a chilly brussels. he is trying to broker a deal with eu finance ministers by monday to secure aid for his beleaguered country. his eu colleagues are demanding the cyprus raise the sum of 5.8 billion euros itself in order to release a rescue loan package. a compulsory levy on savings may be the only answer. but major investors in cyprus's biggest bank, the bank of cyprus, could lose up to 20% of their deposits. not surprisingly, it's an unpopular measure. >> nearly everyone's going to lose some money. of course, the amount will be greater for some than for others. and that's that. >> there is anger at the nation's creditors. >> the germans are only interested in themselves. they don't care about anyone else. >> cyprus's banks have been closed for a week. the european central bank has threatened to cut off the island's emergency
NBC
Mar 20, 2013 11:00am PDT
economy. monte francis live in san jose where you spoke to downtown businesses with more on the economic impact. good morning, monte. >> marla, good morning. in 2010, this tournament generated about $20 million for san jose's economy. expectations this time around are just as high. as you said, college basketball fans from across the country flying into san jose for the tournament. hotels, bars, restaurants in downtown san jose are hoping to recover some of the money they lost with nhl lockout this past season. we're told right now many hotels in san jose are fully booked. when it comes to ncaa's impact on the local economy, there is a trickle down effect. the ceo of the san jose silicon valley chamber of commerce says when the hotels are booked, that translates to more revenue for restaurants, bars, and cafes. >> the expectations are always high. obviously the economic impact can vary. i think the numbers we heard from 2010 were about $20 million in economic impact. so whenever you can bring people from outside a region into your community, that's new money. >> the tournament g
FOX News
Mar 23, 2013 7:30am PDT
-- >> the moving service economy which unions have. >> go ahead, adam. >> charlie was making an interesting point and i think i can help him here because the deal you said earlier, why why don't unions give in to the weight of the private sector employees have given in. well, the fact of the matter is. a lot of people watching this understand that. those benefits aren't very good sometimes so i don't fault the union leadership for saying-- >> private sector on everything from health care, to-- >> and we don't want our members to-- >> well, guys, here let me finish. a thousand jobs, a thousand workers, the private sector guys getting screwed for the jobs or you could have a hundred guys getting lavish benefits because that's all the company can afford. >> and what about the numbers, charles. >> what we're forgetting that we as taxpayers fund at least in the case of the public union members, their benefits. their incredibly generous benefits compared to ours. we're paying for them. we fork over the money and pay the bills. and i think that's the a distinction it that's lost upon p
SFGTV2
Mar 18, 2013 7:00am PDT
economy will stop. we did a major outreach. we trained an outreach team, who went to every community meeting, to educate people on how bad the crisis was. not only did i tell people that we'd have to raise rates, i told them we'd have to tear up the city to repair this infrastructure. man: you can't simply say, "i won't use any water, it's too expensive." we have about 25% of our population that's at or below the poverty line, so you have to look at rate structures that are tiered so the people can pay their bills. franklin: we would love to have something like 75% federal money. we do get some federal aid and we are thankful, but on the other hand, we're paying for this primarily with new rates. we have increased our rates to among the highest in america. but not nearly as much as if we hadn't passed a one-cent sales tax dedicated to water and sewer infrastructure. hunter: that sales tax counts for about a third of the revenue of the department right now. franklin: we got 75% of the voters to agree to tax themselves so that their children and their children's children could have cle
SFGTV2
Mar 20, 2013 6:00am PDT
importance of the other nine to five economy. the impact of all that you do has an impact on our job situation and local economy, and to highlight all of the great work that we can do together to ensure that the sectors that you all represent, the sectors that you work for, that you employ people for connaught is one of the greatest sectors in san francisco. i hope we will take the opportunity of the america's cup to showcase our clubs, our restaurants, our nightlife events. as someone who represents the broadaway neighborhood, an area of town that i used to spend a lot of time in when i was in my 20's -- but actually, very few locals take the time to head to the beach on broadway. our neighborhoods are coming together to say that broadway is open to the rest of the world as well as san francisco. i want to put san francisco back on the map when it comes to music. to make sure that we have the type of entertainment that we used to be renowned for. and those of you that work in our bars and clubs, i want to make sure that we are trading the kind of destinations that we look forward to
FOX News
Mar 23, 2013 1:00pm PDT
service economy. >> neil: go ahead, adam. >> charlie was making an interesting pointed. you said earlier why don't unions give in the way the private sector employees have given in in the fact of the matter is a lot of people watch that understand that the benefits aren't very good sometimes. >> private sector gets screwed on everything. >> here is the thing. let me finish. thousand jobs or a thousand workers, those private sector guys getting screwed are a getting hundred guys getting lavish benefits. >> sounds like the grapes of wrath. >> neil: are we forgetting that we as taxpayers fund at least in the case of the public, union members their benefits, their incredibly generous benefits compared to ours? we are paying for them. we fork over the money and pay the bills. i think that is the issue that is lost. hey, taxpayers you are here as a service to me. you help me and i'm paying through the nose for you. >>> when the teachers strike in chicago it makes people angry. they know that, frankly we the american people. >> neil: 401-k plans, apparently a fox news alert to many of t
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